China News Service, Xiamen, May 20 (Reporter Yang Fushan) What kind of scenario will the "future refinery" look like? How to build a "future refinery"? On the 20th, at the 2021 Honeywell UOP Petroleum Refining Conference in Xiamen, Honeywell released the "Future Refinery White Paper-Six Key Energy Efficiency Analysis" (referred to as the "White Paper"), which explored this Answer.

The "white paper" released at the conference with the theme of "Future Refinery? Smart Winning the Future" on the same day analyzed the six key efficiencies of the "Future Refinery", involving carbon, hydrogen, Six indicators of emissions, energy consumption, water and capital have been quantified and their efficiency has been quantified.

The white paper details how refining and chemical companies use the six key energy efficiency concept framework analysis systems to focus on the improvement of economic efficiency and profitability, so as to ensure that refineries seize growth opportunities and help the transformation and upgrading of the petrochemical industry.

The "14th Five-Year Plan" period is a critical period for the transformation and upgrading and high-quality development of China's petroleum and chemical industries. China will vigorously promote the clean and efficient use of fossil energy and realize the active development of green transformation.

By improving energy efficiency and reducing the net emission footprint as much as possible, the "future refinery" contributes to China's carbon emission reduction and sustainable development goals, and makes positive contributions to the global cause of mitigating climate change.

As the world’s leading process technology supplier and licensor in the oil and gas industry, Honeywell UOP put forward the concept of "future refinery" in 2019 and released the "Future Refinery White Paper-Crude Oil Chemicals "Pin Article" to discuss how to build a "future refinery" to meet a series of challenges currently encountered by the refining and chemical industry, meet the needs of the refinery to invest in the construction of clean fuel production capacity, and help the refinery develop into an integrated petrochemical enterprise.

The white paper released this time further elaborates on the capital investment strategy of the "future refinery" that thoroughly embraces digitization and process intensification to promote the transformation and upgrading of the petrochemical industry.

Xiang Lei, vice president and general manager of Honeywell UOP China, said that the strategic combination of interconnected factories and process intensification can help refineries further release the value of integration. The "future refinery" is a capital investment strategy that aims at sustainable long-term profitability. It can help refiners better respond to market changes, seize growth opportunities, fully improve economic efficiency and profitability, and achieve sustainable development. (End)